Cal. EDC § 22156.2
This is the official text of Cal. EDC § 22156.2, part of California’s Education Code — governs public schools, community colleges, and universities in California.
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Official statutory text
“Present value factor,” for purposes of Section 22156.1, means an overall average rate based upon the demographics of members who recently retired under the Defined Benefit Program and regular interest that shall determine present value on the effective date of retirement.
Status: in_force · Read it on the official government site
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